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Reading: Arms Deal: We Will Recover All Stolen Funds to the Last Kobo – EFCC Chairman
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Arms Deal: We Will Recover All Stolen Funds to the Last Kobo – EFCC Chairman

Farouk Mohammed
By Farouk Mohammed
Published: December 9, 2015
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Ibrahim-Magu

The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, has vowed that the anti-graft agency “will spare no effort to ensure that we recover every kobo of public funds that have been stolen in the guise of arms procurement”.

This is coming on the heels of the interrogation and detention of some highly placed individuals alleged to have benefited from the $2 billion dollars meant to procure arms, to prosecute the counter-insurgency and counter-terrorism war in the North East.

Apart from quizzing and detaining the National Security Adviser (NSA), Col. Sambo Dasuki (rtd), whose office (Office of the National Security Adviser) was alleged to have largely misapplied the huge funds, other suspects that were held in connection with the arms scandal, are: ex-Sokoto State governor, Alhaji Attahiru Bafarawa, founder of DAAR Communications Plc., Chief Raymond Dokpesi, as well as former Minister of State for Finance, Ambassador Bashir Yuguda.

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The Federal Government has slammed several charges bordering on money laundering against the accused persons.

Speaking Wednesday during the International Anti-Corruption Day in Abuja, Magu assured that the EFCC was on top of investigations into the $2 billion arms scandal.

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TAGGED:Arms DealEFCCStolen Funds
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ByFarouk Mohammed
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Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
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